The Morning Ledger: QE3 Draws Yawns From CFOs

Article Excerpt

The Fed concludes its two-day meeting in Jackson Hole, Wyo., today, with the central bank widely expected to begin buying more Treasurys and mortgages to push down long-term rates and -- Chairman Ben Bernanke hopes -- unemployment. The Fed is also likely to signal it'll keep its benchmark rate near zero into 2015. Beyond those headlines, the Journal's Joe Hilsenrath says there are four things to watch for: what the structure of more quantitative easing will look like, what the Fed does with "Operation Twist," how it communicates its latest action and whether another rate is lowered, such as on reserves.